from Liberty Street Economics
– this post authored by Andrew Haughwout, Richard Peach, and Joseph Tracy
The homeownership rate – the percentage of households that own rather than rent the homes that they live in – has fallen sharply since mid-2005. In fact, in the second quarter of 2016 the homeownership rate fell to 62.9 percent, its lowest level since 1965. In this blog post, we look at underlying demographic trends to gain a deeper understanding of the large increase in the homeownership rate from 1995 to 2005 and the subsequent large decline.